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Apply Financial

Global Banking Payment Validation Solutions

Apply Financial is a world-leading provider of validation solutions for global bank payments.

Solving failed bank payments

Straight through processing (STP) means customers no longer have to deal with failed and returned payments, reducing the time and costs, and avoiding the lengthy process of transaction repair.

A bank payment typically fails due to incorrect or outdated banking data used. Payments will be received by the intended party on the desired date through ensuring that details are entered with the correct supporting information such as country-specific transaction purpose codes, there is no clash with national holidays, and any other key points.

The average failed payment costs £50 to rectify, but it can also damage the customer relationship when the intended recipient fails to receive funds on the agreed date.

Global banking payment validation

Combining global payment reference data, algorithms and web service functions, our Cloud-based platforms cut the time and cost of processing digital bank payments while enhancing the experience for the customer.

This is achieved by ensuring the customer only enters the correct transaction details, so the bank knows the payment will proceed STP and reach recipient on-time without any intervention. This will save time and money for both the business and payee, as they are given confidence that the payment will not bounce, they will avoid bank charges, and the payment will be received when intended.

Consistent payment regulation compliance

Our data and rules only come from official sources worldwide, which facilitate daily information gathering, payment rule updates and compliance.

Client testimonials

Apply Financial’s management team comprise global payments solutions experts with more than 80 years of combined experience.

We aim to provide the best payment validation solutions to both financial institutions and corporations. Using the Cloud and APIs remove the need for our clients to gather and maintain global reference data, maintain and update account structure rules worldwide, worry about compliance and deal with failed payments and associated costs.

All of which contribute to a vastly improved customer service. In everything we do, we think long and hard about how we want to grow and who we want to partner with. We’re always looking for new and creative ways to improve the product and service offerings we have. Our partnership with Apply Financial allows us to do just that.”

Franx an ABN Company CEO Hatim Chebti said: “We saw the immediate benefit of Apply’s Validate API and how easy it was to integrate into our digital platform. Franx provides clients with a superior, cost-efficient experience when making FX and international payments. We selected this world-class validation solution because it enables intelligent, integrated and seamless processes for businesses around FX and international payments.

“Validate API fits our business now and will scale with our business. Our clients will benefit from seamless transactions because we are using the Validate API. Apply Financial have been great to work with and have enabled us to go live with the Validate API painlessly and as part of a rapid rollout.”